So is Australia Australia, Base Assets, Emerging or Offshore?
The new categories make no sense whatsoever, they are designed to last no more than three years before a new reorganization is needed.
Shame on leadership.
13 replies (most recent on top)
Base is: Thailand, SJV, Venezuela, SASBU, Canada, UK.
@bt+1jn06bgq7, Argentina Vaca Muerta shale will be under STAC
Currently the only asset in Canada is Hebron offshore in Newfoundland and Labrador, operated by XOM,l so yes Canada in current state is considered offshore popcorn!
Canada is offshore? As is Africa? Or base?
Are Thailand and Israel base, emerging or offshore?
Is Argentina shale or emerging or base?
This is about cutting the overhead of corporate functions and planning / FEL type roles in every BU.
By combining some of these base and emerging businesses, you’re basically cutting out all of their individual finance, SCM, IT, HR functions, along with their 200 digital advisors.
ABU, TCO, MCBU+RBU basically stay intact
How many BUs were there versus how many asset classes and other
Australia and TCO are special. So they stay as is
Base and emerging are just so small that they don’t need each location to be their own individual BUs with a full staff. How hard is this to understand
Agreed - they wanted simplification and found a new way to make it more complex - it’s a skill! Meanwhile McKinsey pat themselves on the back on another successful swindle. Jokers
THANK YOU! Seems like they’re ja--ing around the names of these business units or functions (they can’t decide what they’re calling them) without any good reason. Embarrassing.
No time or desire to make structure that makes sense. “There is always time to do it the right way” died during Agile hostile takeover.
poor CN could not explain it either lol